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McPherson County, SD · Sold

SD-278188

229 County Road 136

$835,100
$2,015/ac · 414 ac
Acreage414 ac
Price per acre$2,015/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedMar 13, 2026
Coordinates45.7172, -99.2870
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

McPherson County, South Dakota. West River grazing and Black Hills recreational parcels.

View McPherson market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
24
Low risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope24.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,233 ft of deeded road frontage.

Power35 ft away

Power at or near the road.

Buildable area237.21 of 414.42 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$803,414
$594,242$1,012,585 · $1,939/ac on 414 ac
Asking vs estimate
+3.9%
In line with the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $835,100
Maximum allowable offer
$459,094
$1,108/ac · +30.0% target margin

You need $376,006 off asking to hit this margin.

All-in cost$498,117
Net resale$739,141
Projected profit$241,024
ROI+48.4%
Annualized+69.2%
Break-even resale$1,306/ac
Profit if resale lands off target
-20%
$93,196
-10%
$167,110
0%
$241,024
+10%
$314,938
+20%
$388,852
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-978318
Dirt · Off grid
455.4Jun 13, 2026$637,6001,4001,9842.2 mi
85
SD-399251
Landlocked · Power at road
895.1Jul 27, 2026$843,7009431,7577.0 mi
75
SD-698924
Dirt · Full utilities
706.3Mar 16, 2026$932,9001,3211,50610.9 mi
74
SD-199060
Gravel · Power at road
779.4Sep 15, 2024$1,802,5002,3133,0272.8 mi
70
SD-718956
Paved · Power at road
722.9Sep 16, 2025$1,124,2001,5551,6209.3 mi
69
SD-769897
Landlocked · Full utilities
1429.3Jun 9, 2025$1,326,6009281,71814.0 mi
55
Show adjustment detail for the top comp
  • Tract size (455.35 ac → 414.42 ac)+2.9%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (2 mo)+0.7%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.